Oireachtas Joint and Select Committees

Tuesday, 27 February 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Access to Cash Bill 2024: Discussion

Mr. John Palmer:

Precisely. It must be done this way because if, by definition, these companies are operating as a CIT or IAD without registering with the Central Bank, they are not subject to regulation by the bank and therefore cannot be subject to sanctions.